Shell Targets $23B-$25B Capital Expenditure for 2026 and Announces $5B Share Buyback
Shell plc (SHEL) has outlined its financial strategy through 2026, projecting annual cash capital expenditures in the range of $23 billion to $25 billion. Alongside this investment plan, the company announced a significant $5 billion share buyback program aimed at returning value to shareholders. CEO Wael Sawan highlighted the company's ability to maintain strong financial performance despite high commodity price volatility. The company is also focused on strategic integration following its moves involving ARC Resources (RYDAF), aiming to leverage scale and operational efficiency in a fluctuating energy market.
Topics: commodity prices corporate performance earnings report